Examlex
A normal good is a good for which the demand increases as income decreases, holding everything else constant.
Compound Entry
A transaction involving more than one debit or credit.
Journal Entry
A record in accounting that notes the debit and credit transactions affecting the financial statements.
Multi-Level Entry
A complex accounting entry that affects more than two accounts, used to record transactions that cannot be captured with a simple debit and credit.
Multi-Step Entry
A journal entry that involves multiple steps to complete and may affect several accounts, typically used in complex transactions.
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